Seaspan Shipyards: Proud Partner Under Canada’S National Shipbuilding Strategy

SEASPAN SHIPYARDS: PROUD PARTNER UNDER CANADA’S NATIONAL SHIPBUILDING STRATEGY

Steve Christiansen Vice President, Supply Chain

October 14, 2020 A CENTURY OF SHIPBUILDING

Photo courtesy of North Vancouver Museum and Archives Seaspan Shipyards Today

LNG conversion st in North st 3 1 1 America 1 Full-service shipyards Ship per week First class of large in Vancouver and commercial repair & vessels delivered Victoria, British overhaul under the NSS Columbia

Management team with $ 2,700 + 1B Employees 100 400+ 450 in contracts awarded to years of history as pioneer years & ships of shipbuilding and ship 600+ repair on Canada’s west building ships and subs delivered and serviced Canadian suppliers coast

Seaspan Proprietary and Confidential as set out above. All disclosure or reproduction prohibited. © 2020 Seaspan ULC and Affiliates. All rights reserved. 3 Three Seaspan Shipyards Provide Broad Range of Capabilities, Capacity, Flexibility

• Largest shipbuilding & repair company on Canada’s West Coast • Three integrated shipyards: shipbuilding, design, repair, conversion, in-service support

Vancouver Shipyards (VSY) Victoria Shipyards (VSL) Vancouver Drydock (VDC) Key site for NSS-related work International centre of excellence for ship Centre of excellence for large & complex repair & conversions ship repair

Full range of quality repair services • Premier drydock for large and complex ship repairs in the BC lower mainland

Vancouver Drydock, North Vancouver, BC. Founded 1902

Full-service shipyard

• Specializing in vessel design, new construction, overhaul, repair, conversion, alteration, life-cycle maintenance, and refurbishment

Seaspan Proprietary and Confidential as set out above. All disclosure or reproduction prohibited. © 2020 Seaspan ULC and Affiliates. All rights reserved. 6 Victoria Shipyards: Delivering to Diverse Customer Base

Building on Success Ongoing RCN Work International Work

Built and delivered 29 Victoria In-Service New Zealand Frigate Motor Life Boats to CCG Support Contract (VISSC) System Upgrade (FSU)

Designed and built 8 Orca Halifax Class Frigate Life Cruise ship commercial Class vessels for the RCN Extension (FELEX) program work

Seaspan Proprietary and Confidential as set out above. All disclosure or reproduction prohibited. © 2020 Seaspan ULC and Affiliates. All rights reserved. 7 Vancouver Shipyards: Proud Partner of Canada Under the National Shipbuilding Strategy

One of the most modern shipyards in North America

• $185M shipyard modernization investment to support Canada’s National Shipbuilding Strategy (NSS)

Seaspan Proprietary and Confidential as set out above. All disclosure or reproduction prohibited. © 2020 Seaspan ULC and Affiliates. All rights reserved. 8 Proudly Building Canada’s Next Generation of Non-Combat Vessels For the Canadian Coast Guard and Royal Canadian Navy

3 OFFSHORE FISHERIES SCIENCE VESSELS 63m fisheries research vessel, deployed on Canada’s East and West Coasts, to understand the health of fish stocks, and their ocean environment.

1 OFFSHORE OCEANOGRAPHIC SCIENCE VESSEL 86m oceanographic research vessel, to be deployed on Canada’s East Coast, to develop hydrographic charts and understand our ocean’s physical environment, including impact of climate change.

2 JOINT SUPPORT SHIPS A 174m naval support ship, providing fuel, ammunition, provisions, and other material to Canada’s Navy, to be deployed around the world in any theatre and threat environment.

16 MPVS Multi-purpose vessels for the Canadian Coast Guard

Jun 2019 Delivery of Oct 2020 CCGS Sir John Franklin Delivery of Feb 14, 2012 Dec 2017 NSS umbrella Launch of future CCGS John Cabot May 2019 agreement 2012 Mar 2016 CCGS Sir John Franklin 16 MPV award OFSV design First steel cut Jan 2020 work begins for OFSV 2 Keel laying future HMCS Protecteur

2012 Jun 2015 Nov 2019 Shipyard First steel cut Delivery of CCGS Jun 2018 modernization for OFSV 1 Capt Jacques Cartier Start early block construction for Oct 19, 2011 Feb 2017 JSS Jun 2019 July 2020 NSS non-combat First steel cut Launch of future Launch of the selection/award for OFSV 3 CCGS Capt Jacques Cartier future CCGS John Cabot

Pre-production Production Launch & Delivery

Seaspan Proprietary and Confidential as set out above. All disclosure or reproduction prohibited. © 2020 Seaspan ULC and Affiliates. All rights reserved. Three Ships in 15 Months – First Class of Ships Completed Under the NSS

CCGS Sir John Franklin CCGS Capt Jacques Cartier CCGS John Cabot

• Launch: December 8, 2017 • Launch: June 5, 2019 • Launch: July 3, 2020 • Sea Trials: March 18, 2019 • Sea Trials: October 10, 2019 • Sea Trials: August 19, 2020 • Delivery: June 27, 2019 • Delivery: November 29, 2019 • Delivery: October 9, 2020

Seaspan Proprietary and Confidential as set out above. All disclosure or reproduction prohibited. © 2020 Seaspan ULC and Affiliates. All rights reserved. 11 Joint Support Ship: Largest Naval Vessel Ever Built in Canada

Keel laying January 2020

Seaspan Proprietary and Confidential as set out above. All disclosure or reproduction prohibited. © 2020 Seaspan ULC and Affiliates. All rights reserved. 12 Seaspan: Focused on Delivering its NSS Commitments

Building ships Building an economic engine Rebuilding an industry

• Delivered 1st ships under the National • More than $1B in NSS-related • Steady long-term work attracting Shipbuilding Strategy (NSS) contracts to more than 660+ highly productive workforce suppliers across Canada • Three OFSVs in 15 months • Investing in infrastructure, • Economic contribution innovation, people • World-class shipyard of $1.5B to GDP • Building a nationwide marine supply chain

Seaspan Proprietary and Confidential as set out above. All disclosure or reproduction prohibited. © 2020 Seaspan ULC and Affiliates. All rights reserved. 13 Supporting and Growing an Industry Between 2012 and 2019, Seaspan Shipyards …

awarded added $1B 360+ in NSS-related contracts small and medium-sized Canadian businesses to our supply chain

to accounting for 660+ 60% Canadian suppliers of NSS-related – small, medium, large businesses purchase orders from coast to coast awarded

Source: Deloitte LLP. Socio-economic Contribution Study of Seaspan Shipyards Operations and NSS-related Activities, Prepared for Seaspan Shipyards, February, 2020 Seaspan Proprietary and Confidential as set out above. All disclosure or reproduction prohibited. © 2020 Seaspan ULC and Affiliates. All rights reserved. 14 Building a Nationwide Supply Chain $1B in contracts to more than 660+ suppliers coast to coast

Alberta: $40M Ontario: $451M Newfoundland and Labrador: $12M

New Brunswick: $1M

Nova Scotia: $44M

British Columbia: $413M Manitoba: Quebec: $1M $42M

• Run competitive procurement process based on best value

• Promote commonality of design and equipment solutions across the NSS Program

• Use system integrators to execute the design, and sometimes supply and install

• Maximize Canadian Content: to grow and sustain the marine industry in Canada, provided they are: o Technically compliant, price competitive, & provide high Canadian content

• Enter into long-term supply and service agreements to leverage favorable pricing and supplier performance

• Ensure potential suppliers know about upcoming opportunities, know who our existing suppliers and systems integrators are so you can become sub-suppliers to them, and encourage registration on the Seaspan Supplier Portal.

Four Sections: • Base Information • QMS • H&S • Environmental